Key information about House Prices Growth

• Canada house prices grew 0.1% YoY in Jan 2025, following an increase of 0.1% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1982 to Jan 2025, with an average growth rate of 1.8%.
• House price data reached an all-time high of 16.5% in Mar 1989 and a record low of -9.7% in Apr 1991.

Average House Prices in Canada decreased to 690900 CAD in May from 692400 CAD in April of 2025. This dataset includes a chart with historical data for Canada Average House Prices.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at ******* Canadian dollars in 2023 and was forecast to reach ******* Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From ******* units sold, the annual number of home sales in the country is expected to rise to ******* in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

Graph and download economic data for Real Residential Property Prices for Canada (QCAR628BIS) from Q1 1970 to Q1 2025 about Canada, residential, HPI, housing, real, price index, indexes, and price.

New housing price index (NHPI). Monthly data are available from January 1981. The table presents data for the most recent reference period and the last four periods. The base period for the index is (201612=100).

The MSL composite price index measures the development of house prices in Canada since 2005. House prices rose dramatically in 2021, with the house price index spiking from 252 index points to 324 index points - an increase of 72 index points. In 2022, a correction followed, and the index fell to 299.4 index points, followed by a minor increase to 301.5 index points

The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.

House Price Index YoY in Canada decreased to -0.96 percent in May from -0.60 percent in April of 2025. This dataset includes a chart with historical data for Canada House Price Index YoY.

Housing Index in Canada decreased to 123.70 points in May from 124 points in April of 2025. This dataset provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

House prices in British Columbia and Ontario were notably higher than any other province in Canada in 2024. The average house price in any other province was less than ******* Canadian dollars, whereas in British Columbia and Ontario, it exceeded ******* Canadian dollars. The most affordable province to buy a home was Newfoundland, where the average home cost about ******* Canadian dollars.

The average house price in Nova Scotia in 2024 stood at approximately 447,800 Canadian dollars. In the next year, house prices are forecast to further increase by about five percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices. However, the average price of a house in Nova Scotia was twice lower than in Ontario or British Columbia. Exploding population growth in recent yearsNova Scotia is the second-smallest province after Prince Edward Island, and had a population of just under one million in 2018. The population of this province was relatively steady between 2000 and 2015, but has taken off since then. This sudden growth may be a factor in the increasing house prices, as demand also increases due to the greater number of residents looking for homes. The future of housing affordability in Nova ScotiaHalifax, the provincial capital, had an affordable housing market as of 2018, with mortgage payments only constituting about 30 percent of average household incomes. The number of housing starts in the region has increased in the past few years, which also suggests an increase in demand. Only time will tell whether this will ensure a sufficient supply of homes for the region in response to its growing population.

Residential Property Prices in Canada decreased 1.22 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Canada Residential Property Prices.

The house price for Ontario is forecast to increase slightly in 2025, after declining by six percent in 2023. From roughly 872,312 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to rise to 881,039 Canadian dollars in 2025. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2023 was an estimated 15.6 million people. The median total family income in 2022 came to 101,920 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2025. Additionally, the average home prices in Ontario have significantly increased since 2007.

Canada House Price Index: Annual: New Housing: Prairie Region: Saskatoon data was reported at 106.792 Dec2016=100 in 2024. This records an increase from the previous number of 106.767 Dec2016=100 for 2023. Canada House Price Index: Annual: New Housing: Prairie Region: Saskatoon data is updated yearly, averaging 48.788 Dec2016=100 from Dec 1981 (Median) to 2024, with 44 observations. The data reached an all-time high of 108.000 Dec2016=100 in 2022 and a record low of 34.567 Dec2016=100 in 1984. Canada House Price Index: Annual: New Housing: Prairie Region: Saskatoon data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB004: House Price Index: Dec2016=100: Annual.

The house price for Ontario is forecast to decrease by eight percent in 2023, followed by a minor increase of one percent in 2024. From roughly 932,000 Canadian dollars, the average house price in Canada's second most expensive province for housing is expected to fall to 861,000 Canadian dollars in 2024. After British Columbia, Ontario is Canada's most expensive province for housing. Ontario Ontario is the most populated province in Canada, located on the eastern-central side of the country. It is an English speaking province. To the south, it borders American states Minnesota, Michigan, Ohio, Pennsylvania, and New York. Its provincial capital and largest city is Toronto. It is also home to Canada’s national capital, Ottawa. Furthermore, a large part of Ontario’s economy comes from manufacturing, as it is the leading manufacturing province in Canada. The population of Ontario has been steadily increasing since 2000. The population in 2018 was an estimated 14.3 million people. The median total family income in 2016 came to 83,160 Canadian dollars. Ontario housing market The number of housing units sold in Ontario is projected to rise until 2024. Additionally, the average home prices in Ontario have significantly increased since 2007.

House Price Index MoM in Canada decreased by 0.20 percent in May from -0.40 percent in April of 2025. This dataset includes a chart with historical data for Canada House Price Index MoM.

Canada House Price Index: New Housing: Quebec: Sherbrooke data was reported at 109.000 Dec2016=100 in Mar 2025. This records an increase from the previous number of 108.700 Dec2016=100 for Feb 2025. Canada House Price Index: New Housing: Quebec: Sherbrooke data is updated monthly, averaging 104.000 Dec2016=100 from Dec 2016 (Median) to Mar 2025, with 100 observations. The data reached an all-time high of 113.100 Dec2016=100 in Aug 2023 and a record low of 99.700 Dec2016=100 in Aug 2017. Canada House Price Index: New Housing: Quebec: Sherbrooke data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB003: House Price Index: Dec2016=100.

Canada Consumer Expectations: House Price Growth: Alberta data was reported at 5.030 % in Mar 2025. This records a decrease from the previous number of 5.050 % for Dec 2024. Canada Consumer Expectations: House Price Growth: Alberta data is updated quarterly, averaging 2.425 % from Jun 2016 (Median) to Mar 2025, with 36 observations. The data reached an all-time high of 5.470 % in Jun 2024 and a record low of -4.310 % in Jun 2020. Canada Consumer Expectations: House Price Growth: Alberta data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.H025: Consumer Expectations Survey. Consumer Expectations Survey Questionnaire: By about what percent do you expect the average home price in your area to increase (decrease)?

Canada House Price Index: New Housing: Calgary data was reported at 109.600 2007=100 in Dec 2016. This records an increase from the previous number of 109.400 2007=100 for Nov 2016. Canada House Price Index: New Housing: Calgary data is updated monthly, averaging 44.850 2007=100 from Jan 1981 (Median) to Dec 2016, with 432 observations. The data reached an all-time high of 111.300 2007=100 in Feb 2015 and a record low of 23.700 2007=100 in Oct 1984. Canada House Price Index: New Housing: Calgary data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EB006: House Price Index: 2007=100.

Real residential property prices Y-on-Y, percent change in Canada, December, 2024 The most recent value is -3.43 percent as of Q4 2024, an increase compared to the previous value of -5.67 percent. Historically, the average for Canada from Q1 1990 to Q4 2024 is 2.61 percent. The minimum of -18.87 percent was recorded in Q1 2023, while the maximum of 18.57 percent was reached in Q1 2022. | TheGlobalEconomy.com